USDCHF – December 30th 2014

USDCHF – December 30th 2014

Written by: PaxForex analytics dept - Tuesday, 30 December 2014 0 comments


Should price action for the USDCHF remain inside the 0.9875 to 0.9900 zone the following trade set-up is recommended:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.9880
  • Take Profit Zone: 0.9575 – 0.9600
  • Stop Loss Level: 0.9950

Should price action for the USDCHF breakdown below 0.9875 the following trade set-up is recommended:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
  • Take Profit Zone: 0.9575 – 0.9600
  • Stop Loss Level: 0.9950

Should price action for the USDCHF breakout above 0.9900 the following trade set-up is recommended:

  • Timeframe: H4
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.9925
  • Take Profit Zone: 0.9980 – 1.0000
  • Stop Loss Level: 0.9875

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.